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The additional investment makes this the largest ever Series B round for an InsurTech, according to the firm. -
The capacity deal is slated for deals with 10/1 effective dates and beyond.
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A Delaware judge has ruled in favour of Vesttoo’s automatic stay in the bankruptcy case.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The shareholders are among the company’s top 10 largest and hold nearly 2.5% of outstanding shares.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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It is understood that Morgan Stanley was selected as lead underwriter in the process, with Q1 seen as the likeliest timing for a listing.
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The company also said that it has secured the replacement of all reinsurance on its ongoing portfolio of business through third-party reinsurers and an affiliated reinsurer.
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The executive said the company will likely start with builders’ policies and then gradually continue to other segments.
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Court filings indicate use of “phony phone numbers” and creation of a “wholly fictitious person” in the letters of credit fraud that has engulfed Vesttoo.
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Inside P&C’s news team runs you through the key highlights of the week.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
